000			02364cam a22003257i 4500
001			18495633
003			InNd
005			20170613102430.0
008			150217t20152015ctua b 001 0 eng d
010			_a 2015933801
020			_a9780300213546
020			_a0300213549
035			_a(OCoLC)ocn909413719
042			_alccopycat
050	0	0	_aHB3730. _bD367 2015
082	0	4	_a330.0112 _223
100	1		_aDesai, Meghnad, _eauthor.
245	1	0	_aHubris : _bwhy economists failed to predict the crisis and how to avoid the next one / _cMeghnad Desai.
300			_axii, 287 pages : _billustrations ; _c23 cm
504			_aIncludes bibliographical references (pages 269-272) and index.
505	0		_aUnraveling the threads -- The building blocks -- Cycles for the curious -- New tools for a new profession -- Causing a stir -- Declining fortunes -- The new globalization -- The search for an answer.
520			_aThe failure of economists to anticipate the global financial crisis and mitigate the impact of the ensuing recession has spurred a public outcry. Economists are under fire, but questions concerning exactly how to redeem the discipline remain unanswered. In this provocative book, renowned economist Meghnad Desai investigates the evolution of economics and maps its trajectory against the occurrence of major political events to provide a definitive answer. Desai underscores the contribution of hubris to economists' calamitous lack of foresight, and he makes a persuasive case for the profession to re-engage with the history of economic thought. He dismisses the notion that one over-arching paradigm can resolve all economic eventualities while urging that an array of already-available theories and approaches be considered anew for the insights they may provide toward preventing future economic catastrophes. With an accessible style and keen common sense, Desai offers a fresh perspective on some of the most important economic issues of our time.
650		0	_aEconomic forecasting.
650		0	_aFinancial crises.
650		0	_aEconomic history.
650		0	_aEconomics _xPhilosophy.
856	4	2	_3Contributor biographical information _uhttp://www.loc.gov/catdir/enhancements/fy1512/2015933801-b.html
856	4	2	_3Publisher description _uhttp://www.loc.gov/catdir/enhancements/fy1512/2015933801-d.html
942			_2lcc _cBKC
999			_c12811 _d12803